Gainesville, TX 76240 550 County Road 297

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  • North Texas Real Estate Info Systems (NTREIS) - 37 - TX
  • MLS# 21139838
  • 01/15/2026
  • Get pre-approved
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Presented By: Lake & Country Realty, LLC
Disclaimer: The information contained in this listing has not been verified by Bold Real Estate and should be verified by the buyer.
  • Beds • 6
  • Full/Half Baths • 5 / 1
  • SQFT • 3,870
  • Year Built • 2024

Home Details

Fantastic investment opportunity in the fast growing Golden North Texas corridor - north of Aubrey and Celina, and east of Lake Kiowa. Sailer Resort is a fully furnished, 55.22 acre estate that is AG exempt with NO deed restrictions and it doesn't lie within a flood zone. This incredible property offers unmatched flexibility for a multitude of event types, investment or personal use. Launched in March 2025, the resort secured a diverse range of bookings through year-end across celebrations, weddings, family reunions, proms, graduations, and corporate retreats prior to any formal marketing being done - indicating a strong market demand for this facility. Features include: a 6-bedroom, 5.5-bath Grand Villa with indoor event space for ~120 guests. An ~4,500 sq ft outdoor event deck for ~240 guests. Outdoor wedding venue for ~330 guests. 12’x20’ cottage storage area with event support gear and a wide variety of indoor and outdoor games for all ages. The remaining 50+ acres of open land offers long-term potential for the owner—expanding the existing facility, ideal for subdividing, group ownership, or holding as development expands from Lake Ray Roberts to Universal Studios to billion-dollar chip plants to the east. Whether you’re seeking a private retreat, a group investment, or an income-generating asset, Sailer Resort delivers lifestyle, cash flow, and appreciation—all in one turn-key opportunity. See resort flyer and 2006 survey in Transaction Desk. Call for an appointment now.
Presented By: Lake & Country Realty, LLC

Interior Features for 550 County Road 297

Bedrooms

Total Bedrooms6

Bathrooms

Half Baths1
Total Baths6

Other Interior Features

Basement Y/NNo
Dining Areas1
Fireplace FeaturesDecorative
Fireplaces Total1
Interior FeaturesCable TV Available, Cathedral Ceiling(s), High Speed Internet Available
Living Areas3
Lock Box TypeNone

Other Rooms

Number Of Residences1
Room Count4

General for 550 County Road 297

AG ExemptionY
Accessory Unit Y/NNo
AppliancesBuilt-in Gas Range, Built-in Refrigerator, Dishwasher, Disposal
Architectural StyleBarndominium
Carport Spaces5
CityGainesville
Construction MaterialsAluminum Siding
CoolingCentral Air, Electric
CountyCooke
CropsNative
DirectionsUse only Google maps. Apple maps gives incorrect directions.
EasementsUtilities
Elementary SchoolCallisburg
Elementary School NameCallisburg
Full Baths5
HOA TypeNone
HeatingCentral, Heat Pump
High SchoolCallisburg
LevelsOne
Listing Terms1031 Exchange, Cash, Conventional, Texas Vet, VA Loan
Number of Garage Spaces
Occupant TypeVacant
Pool Y/NNo
PossessionClosing/Funding
Possible UseAgricultural, Cattle, Commercial, Development, Equine, Grazing, Industrial, Investment, Livestock, Mixed Use, Multi-Family, Pasture, Ranch, Recreational, Residential, Resort, Subdevelopment
Property SubtypeSingle Family Residence
Property TypeResidential
RoofComposition
School DistrictCallisburg ISD
Security FeaturesSmoke Detector(s)
Special NotesSurvey Available, Utility Easement, Verify Rollback Tax, Verify Tax Exemptions
Standard StatusActive
StatusActive
Subdivision NameMcelroy Jc
TopographyLevel, slightly rolling - cleared
Transaction TypeFor Sale
Unexempt Taxes103
UtilitiesCity Water, Septic, Sewer Not Available, Underground Utilities
Virtual Tour URL UnbrandedClick here
Will SubdivideNo
Year Built2024
Year Built DetailsPreowned
current useAgricultural, Commercial, Investment, Resort

Exterior for 550 County Road 297

Acres Pasture50.00
Attached Garage Y/NNo
Covered Spaces5
Garage Y/NNo
Lot FeaturesAcreage, Agricultural, Cleared, Pasture
Lot Size50 to =< 100 Acres
Lot Size Acres55.2200
Lot Size Area55.2200
Lot Size SourceAssessor
Lot Size Square Feet2405383.2000
Lot Size UnitsAcres
Parking FeaturesAdditional Parking
Patio And Porch FeaturesDeck
Road Frontage TypeCounty Road
Structural StyleResort Property
WaterfrontNo

Additional Details

Price History

Schools

Elementary School Callisburg Elementary School
Middle School N/A

Suzanne Smith

Broker/Owner
Price $2,340,000
MLS#21139838
List Date 01/15/2026
Property Type Single Family
Phone 903.235.4216
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